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Equifax Analytics ties up with AccountScore

The partnership will provide a full range of products and services to prospective users like banks, NBFCs and financial institutions in India and the Middle East.

The Economic Times, 8th April,2019

Mumbai, 8th April, 2019 – Equifax Analytics Pvt. Ltd, a global information solution provider of predictive analytics, today announced that it is joining forces with AccountScore, an analytics based business in London with presence in India, which provides actionable insights and analytics on bank transaction data for its clients.

Together, the companies will develop products that will provide a 360-degree view about customers by considering their assets and liabilities. The alliance will also work on developing analytics attributes of the customers’ based on their transactional behavior using the data available with AccountScore and the analytics expertise of both the firms to design and develop it. The partnership will provide a full range of products and services to prospective users like banks, NBFCs and financial institutions in India and the Middle East.

“India is a very exciting market for AccountScore with a unique opportunity that needs innovative solutions. The partnership in India with Equifax further deepens our strong relationship that we have on the back of our existing Open Banking partnership in UK,” said Joseph Hungin, Head of International at AccountScore.

“This complementary partnership will enable financial institutions in India and Middle East to get a holistic view of their customers which can help in digitization and better underwriting, especially for the new-to-credit segment”, said K M Nanaiah, Managing Director, Equifax Credit Information services Ltd. and Country Leader, Equifax India and MEA.

About Equifax

Equifax is a global information solutions company that uses unique data, innovative analytics, technology and industry expertise to power organizations and individuals around the world by transforming knowledge into insights that help make more informed business and personal decisions.

Headquartered in Atlanta, Ga., Equifax operates or has investments in 24 countries in North America, Central and South America, Europe and the Asia Pacific region. It is a member of Standard & Poor's (S&P) 500® Index and its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. Equifax employs 11,000 employees worldwide.

About Account Score

AccountScore Limited (AccountScore) is a highly innovative global data and analytics business that provides actionable insights and analytics on bank transaction data for clients. Providing reliable, accurate and easy to understand transaction data analytics on data.

Headquartered in London, with market presences in the USA and India, AccountScore has launches planned in additional global markets throughout 2019.

The management team has extensive experience in working with bank transaction data and has spent the last two years delivering innovative products and solutions to clients helping to lead the way in Open Banking in the UK market.